CMS Energy(US:CMS)2025-04-24 21:43Financial Performance and Outlook - CMS Energy reported adjusted EPS of $1.02 for Q1 2025, indicating they are executing on their plan[25] - The company's 2025 full-year adjusted EPS guidance is $3.54 – $3.60, with expectations toward the high end[25] - The annual dividend per share (DPS) is $2.17, an increase of 11¢[25] - The long-term adjusted EPS growth is projected at +6% to +8%, also toward the high end[25] Investment and Growth - The utility capital plan is $20 billion, up $3 billion from the prior plan[25] - The company anticipates a rate base growth of approximately 8½% per year from 2025 to 2029, reaching $39.4 billion in 2029 from $26.2 billion in 2024[39] - Economic development efforts are driving diversified growth across Michigan and reducing customer rates[24] Risk Management and Sensitivities - The auto sector represents approximately 2% of total gross margin, mitigating industrial recession risk[20,41] - The top 10 customers combined represent approximately 2½% of total gross margin[20] - A 1% full-year change in electric sales volume would impact adjusted EPS by 7¢, while a 1% change in gas sales volume would impact it by 4¢[43]